From Matthew Graham at Mortgage News Daily: Mortgage Rates Officially Highest Since NovemberAs of today, it’s official. The average lender is quoting top tier 30yr fixed scenarios at the highest rates since November 7th. [30 year fixed 7.24%]
• At 8:30 AM ET, Retail sales for July is scheduled to be released. The consensus is for 0.4% increase in retail sales.
• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of -0.7, down from 1.1.
• At 10:00 AM, The August NAHB homebuilder survey. The consensus is for a reading of 56, unchanged from 56. Any number above 50 indicates that more builders view sales conditions as good than poor.